What is an Internet Merchant Account (IMA)?

An internet merchant account is how a website visitor’s credit card is connected to the banking industry. It verifies whether or not a credit card is valid and processes the payment into an account. It is effectively an on-line bank account.

All on-line shopping carts must use some kind of IMA to accept payment. Does NeoNexus take care of my Internet Merchant Account (IMA)? Since money is handled by the IMA, you do NOT want your website company with access to your bank account.

NeoNexus will help you through the process, but the IMA will be in your name. Does NeoNexus recommend which Internet Merchant Account (IMA) I should use? NeoNexus does make recommendations.

We also will work with your local bank if they are entering the internet merchant account business. NeoNexus uses PayPal Standard, PayPal Pro, Authorize.net, and First Data, among others. The advantage of PayPal Standard is that there are no monthly fees; only per transactions fees.

The disadvantage is that the website ... more.

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